CO129-606-2 Treasury control over Hong Kong finances 22-1-1948 - 9-12-1948 — Page 34

office

Colonial office,

34

The Church House, Great Smith Street,

5...1.

54126/5/10.

26

24th September,1948.

(24);

Dear Bancroft,

Thank you for your letter of the 15th commenting on our proposed despatch to Hong Kong about relaxation of Treasury control.

e spoke about this and I now enclose a copy of the despatch as seat.

I said that we should prefer not to omit the proposed arrangenonts regarding writes-off, etc. in Duragraph 3(b) of the despatch and you said that you would not pro...s this point if you could be as ured that repercussions from the Malayan territories need not be considered, and that it was appreciated here that your agreement to the African financial devolution propos:ls being followed on this point in no way prejudiced consideration of whether

I.P.BANCROFT, ESQ.

or'